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Monday, 13 May 2002

Mid-Atlantic Digest (5/14/02): Town and Country Extends Credit for Acquisitions

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May 14, 2002

Town and Country extends credit for acquisitions
The Baltimore Business Journal

BALTIMORE – Town and Country Trust has shored up funding for possible acquisitions in the Northern Virginia market. The REIT extended its line of credit by $57 million to $439 million, and it has a Fannie Mae-backed loan through Prudential Mortgage Capital Company. The company also is scouring the West Palm Beach, Orlando and Sarasota/Bradenton areas in south Florida for possible acquisitions, although the company already has a significant presence in those areas.

Data centers assume new identities
The Washington Post

WASHINGTON – Not long ago, the Washington region was one of the hottest spots in the nation for building bunker-like warehouses for the powerful computers that send, receive and store data on the Internet. Now, with many of those data centers gone dark, the region has become a magnet for bargain hunters. The centers are attractive to more established firms that are using them to manage their own internal Web operations. Others see the discounted real estate as ideal for other kinds of businesses. Only 34.7 percent of the 2 million square feet of data-center space that has been built in the region is being used, according to a recent study by Tier 1 Research, a market-research firm in Minneapolis. About a third of the excess is for sale, at a discount of 50 percent to 90 percent off the construction cost, according to industry analysts' estimates.

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mid-Atlantic Regional Digest (MADIG)
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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